Hold steady value
Keep a balance designed to stay at 1 USD, whatever collateral token does that week.
01 / HOLDStable Coin Backed by Digital Assets
FUNDS is a stablecoin backed by digital assets in one public vault.
Mint it with collateral token, redeem it for collateral token,
and check the backing whenever you like.
01 · The vision
collateral token moves in price. FUNDS is designed to hold 1 USD, so you can keep a steady balance backed by digital assets and see exactly what backs it.
Keep value steady while the market moves.
Every FUNDS is backed by digital assets in one public vault.
02 · Possibilities
BUILT AROUND THE EVERYDAYKeep a balance designed to stay at 1 USD, whatever collateral token does that week.
01 / HOLDFUNDS sits in your own wallet, so you can send it like any other token.
02 / SENDGive FUNDS back for 1 USD worth of collateral tokens while the vault has it.
03 / REDEEMFUNDS is designed to hold 1 USD, but it has no guarantee. Read the risks before you mint.
03 · Get started
Read how FUNDS works, or open the app and check the vault live.
A little more clarity
FUNDS is a stablecoin backed by digital assets held in one public vault. It is designed to hold 1 USD, and you can check what backs it at any time.
Open the FUNDS app, connect your wallet and send collateral token. For every 1 USD worth of collateral tokens you put in, you get 1 FUNDS, minus a … fee. Keep a little in your wallet for network fees. No account needed.
Not necessarily. FUNDS is designed to hold 1 USD, and you can redeem 1 FUNDS for 1 USD worth of collateral tokens while the vault has it. If collateral token falls far enough, the vault may cover only part of a redemption. It pays what it can and sends the rest of your FUNDS back.
In one shared wallet, the vault, run by the FUNDS operator. Its address is public, so you can check its balance on a blockchain explorer at any time. The app also shows the vault's health live.
A … fee on every mint and every redeem, paid to the FUNDS treasury. You see the exact amount before you confirm. The network also charges a small fee, so keep a little in your wallet to cover it.
Yes. FUNDS sits in your own wallet, so you can send it like any other token. Whoever holds it can redeem it for 1 USD worth of collateral tokens while the vault has it.